SOCIETY OF THE SACRED HEART CIO
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net increase in funds of £2,069,625 for the year, driven by significant net investment gains of £3,091,606 which offset a net expenditure of £1,021,981. The trustees consider that the current level of free reserves meets their policy target of approximately one year's expenditure, although they note this has been influenced by stock market volatility. The charity holds total net assets of £52,216,155, with substantial designated funds set aside for sister retirement and future strategy.
What the accounts disclose
“One employee earned £60,000 per annum or more (including benefits but excluding employer’s pension contributions) during the year (2023 – none). This fell within the following range: £60,000 - £69,999” — page 44
“One employee earned £60,000 per annum or more (including benefits but excluding employer’s pension contributions) during the year (2023 – none).” — page 44
“The trustees consider that, given the nature of the charity’s work and the on-going commitment to support members of the Society, the level of free reserves should be approximately equal to one year’s expenditure on unrestricted funds.”
Year-over-year changes
- Employees paid over £60,000: 0 (FY2023) → 1 (FY2024).
- Reserves position vs the charity's own policy moved from "below" (FY2023) to "above" (FY2024).
Structured financials (annual return, FY ending 30/06/2025)
Register events
- Received assets from another charity (11/09/2020)
Trustees
- CATHERINE ANNE LLOYD
- SISTER CHRIS EDWARDS
- Sister Bernadette Porter
- Sister Lorraine Ann Pratt
- Sister Margaret Wilson
- Sister Marianne Tavares
- Sister Sheila McNamara
- Sister Stephanie Ann Romaine
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 30/06/2025 | £2.4m | £4.4m |
| 30/06/2024 | £2.3m | £3.3m |
| 30/06/2023 | £2.3m | £3.2m |
| 30/06/2022 | £2.1m | £3.4m |
| 30/06/2021 | £2.0m | £2.8m |
Common questions
Is SOCIETY OF THE SACRED HEART CIO financially healthy?
The accounts state that the charity reported a net increase in funds of £2,069,625 for the year, driven by significant net investment gains of £3,091,606 which offset a net expenditure of £1,021,981. The trustees consider that the current level of free reserves meets their policy target of approximately one year's expenditure, although they note this has been influenced by stock market volatility. The charity holds total net assets of £52,216,155, with substantial designated funds set aside for sister retirement and future strategy. Its FY2024 accounts were audited by Buzzacott LLP.
What does the highest-paid employee of SOCIETY OF THE SACRED HEART CIO earn?
Per its FY2024 accounts, the highest-paid employee was in the £60,001 - £70,000 band, and 1 employees earned over £60,000.